Trend Tracker for Northrop Grumman NOC

The data for Northrop Grumman (NYSE: NOC) herein utilizes proprietary algorithms produced by Stock Traders Daily and refined since the turn of the century.

Warning:

This is a static report, the data below was valid at the time of the publication, but support and resistance levels for NOC change over time, so the report should be updated regularly.  Real Time updates are provided to subscribers.  Unlimited Real Time Reports.

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Instructions:

The rules that govern the data in this report are the rules of Technical Analysis.  For example, if NOC is testing support buy signals surface, and resistance is the target.  Conversely, if resistance is being tested, that is a sign to control risk or short, and support would be the downside target accordingly.  In each case, the trigger point is designed to be both an ideal place to enter a position (avoid trading in the middle of a trading channel), and it acts as a level of risk control too.

Swing Trades, Day Trades, and Longer term Trading Plans:

This data is refined to differentiate trading plans for Day Trading, Swing Trading, and Long Term Investing plans for NOC too.  All of these are offered below the Summary Table.

Longer Term Trading Plans for NOC

• Buy NOC slightly over 353.27 target 382.23 stop loss @ 352.25 Details

The technical summary data tells us to buy NOC near 353.27 with an upside target of 382.23. This data also tells us to set a stop loss @ 352.25 to protect against excessive loss in case the stock begins to move against the trade. 353.27 is the first level of support below 361.84 , and by rule, any test of support is a buy signal. In this case, support 353.27 is being tested, a buy signal would exist.

• Short NOC under 382.23, target 353.27, stop loss @ 383.33 Details

The technical summary data is suggesting a short of NOC as it gets near 382.23 with a downside target of 353.27. We should have a stop loss in place at 383.33though. 382.23 is the first level of resistance above 361.84, and by rule, any test of resistance is a short signal. In this case, if resistance 382.23 is being tested, a short signal would exist.

Swing Trading Plans for NOC

• Buy NOC slightly over 367.95, target 382.23, Stop Loss @ 366.89 Details

If 367.95 begins to break higher, the technical summary data tells us to buy NOC just slightly over 367.95, with an upside target of 382.23. The data also tells us to set a stop loss @ 366.89 in case the stock turns against the trade. 367.95 is the first level of resistance above 361.84, and by rule, any break above resistance is a buy signal. In this case, 367.95, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NOC near 367.95, target 360.55, Stop Loss @ 369.01. Details

The technical summary data is suggesting a short of NOC if it tests 367.95 with a downside target of 360.55. We should have a stop loss in place at 369.01 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 367.95, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

Day Trading Plans for NOC

• Buy NOC slightly over 363.11, target 367.95, Stop Loss @ 362.26 Details

If 363.11 begins to break higher, the technical summary data tells us to buy NOC just slightly over 363.11, with an upside target of 367.95. The data also tells us to set a stop loss @ 362.26 in case the stock turns against the trade. 363.11 is the first level of resistance above 361.84, and by rule, any break above resistance is a buy signal. In this case, 363.11, initial resistance, would be breaking higher, so a buy signal would exist. Because this plan is based on a break of resistance, it is referred to as a Long Resistance Plan.

• Short NOC near 363.11, target 360.55, Stop Loss @ 363.96. Details

The technical summary data is suggesting a short of NOC if it tests 363.11 with a downside target of 360.55. We should have a stop loss in place at 363.96 though in case the stock begins to move against the trade. By rule, any test of resistance is a short signal. In this case, if resistance, 363.11, is being tested a short signal would exist. Because this plan is a short plan based on a test of resistance it is referred to as a Short Resistance Plan.

NOC Ratings for August 02:

Term →	Near	Mid	Long
Rating	Strong	Neutral	Strong
P1	0	0	323.96
P2	363.11	360.55	353.27
P3	368.41	367.95	382.23

Support and Resistance Plot Chart for NOC

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